My Predictions

A few of my bigger “macro” predictions over the last few years which I think are important because they are grounded, largely, in my understandings of the modern monetary system. As I like to say, better understandings lead to better results:

1) I saidQE wouldn’t cause high inflation or hyperinflation.
2) I saidthe USA wasn’t on the verge of a solvency crisis like Greece and that bond vigilantes in the USA were a myth.
3) I saidthe USA was Japan on fast forward and that our recovery was progressing faster than many presumed.
4) I described the balance sheet recession in near perfect detail and even predicted its precise end.
5) I saidthe bond bubble was a myth.
6) I said interest rates would remain low even when QE2 ended.
7) I saidhousing prices had likely bottomed in 2012 (I also called the housing bubble back in another lifetime).
8) I’ve been on national TVseveral times from 2010-2017 expressing my bullishness about the US stock market.
9) I saidthe high profile predictions about a municipal bond crisis were wrong.
10) I said Europe would diverge becauseof the flawed monetary system. 3 years later that looks to have been dead on.